Soybean Meal (ZM): COT Report, Price & Analysis ZM

Track how "Smart Money" institutions are positioning themselves in Soybean Meal (ZM). By analyzing the latest Commitments of Traders (COT) data from the SOYBEAN MEAL - CHICAGO BOARD OF TRADE, with real-time price charts and sector comparisons, we provide a deep dive into the current market dynamics. Understanding these underlying shifts allows you to better anticipate where the market might be heading next.

About Soybean Meal (ZM)

About Soybean Meal

Soybean Meal is the most important protein source used to feed farm animals. It is a co-product of Soybean crushing (together with Soybean Oil).

Primary Usage

It is an essential ingredient in the global poultry, swine, and cattle industries due to its optimal amino acid profile for animal growth.

Market Dynamics & Key Drivers

  • Livestock Production: Global meat demand, particularly poultry and pork, dictates the need for soybean meal.
  • Crush Margins: The profitability of crushing whole soybeans into meal and oil (the 'crush spread') determines supply.
  • Alternative Feeds: Competition from other protein sources like fishmeal or canola meal can constrain prices.
Price
$101.62
Jun 05, 2026
Market Sentiment
Increasing Bullish
Outlook
Net Position
Net Position: Difference between long and short contracts of Non-Commercials (large speculators/funds). A positive value means they are predominantly net-long (expecting rising prices).
156,187
▲ 1.0%
Market Situation
The market situation analyzes the current net positioning compared to the historical average of recent years (Z-Score). This helps to identify extreme market conditions.
Bullish

Soybean Meal (ZM) Price Chart

COT Charts

Positioning History

commercial and non-commercial positions
Date Position Net Position
Difference between Non-Commercial Long and Short
Non-Comm. Long
Speculators & funds betting on rising prices
Non-Comm. Short
Speculators & funds betting on falling prices
Comm. Long
Hedgers/producers hedging against rising prices
Comm. Short
Hedgers/producers hedging against falling prices
Jun 02, 2026 Bullish 156,187 201,758 45,571 277,388 453,031
May 26, 2026 Bullish 154,594 202,878 48,284 256,643 437,601
May 19, 2026 Bullish 159,741 208,033 48,292 245,006 428,768
May 12, 2026 Bullish 148,653 198,130 49,477 237,523 399,483
May 05, 2026 Bullish 134,714 190,466 55,752 239,910 397,199
Apr 28, 2026 Bullish 143,101 196,695 53,594 247,036 407,465
Apr 21, 2026 Bullish 136,455 186,789 50,334 275,402 434,421
Apr 14, 2026 Bullish 152,215 198,626 46,411 247,506 420,765
Apr 07, 2026 Bullish 116,864 168,116 51,252 260,240 397,349
Mar 31, 2026 Bullish 120,194 175,060 54,866 259,734 400,950
Mar 24, 2026 Bullish 127,071 177,113 50,042 248,242 398,999
Mar 17, 2026 Bullish 102,538 164,084 61,546 238,549 361,441
Mar 10, 2026 Bullish 99,178 155,222 56,044 240,541 359,958